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1031 Exchange Santa Barbara, California

 

Rent, population, and median household income are important factors to consider for a 1031 exchange in Santa Barbara due to their correlations with market demand, and conversely, vacancy rate.

Surrounding metropolitan Area

Santa Barbara, California is a part of the Santa Maria-Santa Barbara, CA metropolitan area, and contains 17 zip codes, including: 93108, 93120, 93190, 93109, 93140, and 93130.

Santa Barbara Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Santa Barbara, CA metropolitan area was $1,678, which is 21.16% higher than 2014 average rent. This represents a compounded annual growth rate of 3.91%. 2019 vacancy in Santa Barbara, CA was 3.10%.

The total population of the city of Santa Barbara, CA has grown 3.33% since 2010. As of 2018, the population was 91,350. The median household income of the Santa Barbara was $74,798, which is 24.06% higher than the national average.

  • metropolitan area Santa Maria-Santa Barbara, CA
  • avg rent $1,678
  • rent growth 21.16%
  • vacancy 3.10%
  • median income $74,798
  • population (2018) 91,350
  • population growth 3.33%
  • vs. nat'l avg 24.06%
  • zip codes 93101 93102 93103 93105 93106 93107 93108 93109 93110 93111 93120 93121 93130 93140 93150 93160 93190

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